Nifty breaches 6,100; RIL, Infosys rise
Reuters Market Eye - The Nifty breached the 6,100 level for the first time since Jan 6, 2011. Strong earnings from blue-chip companies including Infosys and RIL, reform measures by the government and rate cut expectation by the RBI have led to a 3 percent rise in the index in 2013 as of Monday's close.
Leading the gains on Tuesday: ICICI up 1.3 percent, Reliance Industries up 0.99 percent. Top index gainers: Asian Paints up 3 percent, NTPC rises 2.1 percent.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Surprise Rate Cut
The Reserve Bank of India (RBI) unexpectedly lowered its policy rate for the second time this year on Wednesday, backing a government that is pushing to revive economic growth as inflation cools. Full Article